15 Feb. () –
The Ibex 35 traded with a slight advance of 0.11% in the mid-session this Wednesday, which led it to remain at 9,273.6 integers, its maximum level since June 2021, after knowing the inflation data yesterday in the United States, whose moderation of 6.4% in January compared to 6.5% in December, has been less than expected by the market, which was around 6.2%.
Renta 4 analysts point out that the US CPI continues to move away from the highs recorded in 2022, but that components such as energy or housing “are showing resistance”. They recall that the Federal Reserve (Fed) follows “particularly closely” underlying inflation in services, excluding housing, which stood at 6.3% in January, compared to the previous 6.5%. “In a still strong labor market context, it seems difficult to bring inflation back to its 2% target in a short space of time.”
Thus, the market believes that there will be a rate hike of 25 basis points in the next two Fed meetings scheduled for March and May, and it does not rule out another one in June, in such a way that the rates would be between 5.25 % or 5.5% in the middle of the year. At the end of the year, they would fall to 5%.
Among the references for this Wednesday, it has been known that in January the CPI in Spain rose two tenths in the interannual rate, up to 5.9%, thus standing one tenth above the preliminary data advanced at the end of last month.
In the United Kingdom, the year-on-year inflation rate stood at 10.1% last January, compared to the 10.5% registered in December 2022, representing the third consecutive downward adjustment and the smallest rise of prices since last September.
On the business side, Naturgy obtained a net profit of 1,649 million euros in 2022, which represents an increase of 35.8% compared to the previous year.
In this context, the biggest increases were registered by ArcelorMittal (+1.38%), Endesa (+1.30%), Iberdrola (+0.98%), Inditex (+0.74%), Acerinox (+0 .72%) and Amadeus (+0.71%).
On the other hand, it was the financial sector that led the greatest decreases, highlighting Bankinter (-1.58%), Unicaja Banco (-1.38%), Banco Santander (-0.91%), CaixaBank (-0 .85%), Mapfre (-0.56%), BBVA (-0.52%) and Sabadell (-0.51%).
Among the rest of the main stock markets of the Old Continent, the behavior was upward, with a revaluation of 1.05% in Paris, 0.36% in Frankfurt and 0.05% in Milan. Only London registered a slight cut of 0.01%.
Likewise, the price of a barrel of Brent quality oil, a reference for the Old Continent, was trading at 84.94 dollars, with a decrease of 0.75%, while Texas stood at 78.30 dollars, with a near decline. at 0.96%.
In the currency market, the euro was trading at $1.0719, while in the debt market, the Spanish risk premium was around 92.5 basis points, with the interest required on the ten-year bond at 3.357%. .
